Millennium Management LLC Decreases Stock Holdings in NACCO Industries, Inc. (NYSE:NC)

Millennium Management LLC reduced its stake in shares of NACCO Industries, Inc. (NYSE:NC) by 39.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,021 shares of the company’s stock after selling 12,647 shares during the quarter. Millennium Management LLC owned 0.26% of NACCO Industries worth $567,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in NC. Empowered Funds LLC boosted its position in NACCO Industries by 4.9% during the fourth quarter. Empowered Funds LLC now owns 36,444 shares of the company’s stock worth $1,087,000 after purchasing an additional 1,716 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of NACCO Industries by 2.3% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 19,079 shares of the company’s stock worth $569,000 after buying an additional 424 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of NACCO Industries by 97.6% in the 4th quarter. JPMorgan Chase & Co. now owns 16,325 shares of the company’s stock worth $487,000 after buying an additional 8,062 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of NACCO Industries by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 86,635 shares of the company’s stock worth $2,584,000 after buying an additional 783 shares in the last quarter. Finally, Trexquant Investment LP acquired a new stake in NACCO Industries in the 4th quarter valued at about $282,000. 49.10% of the stock is owned by hedge funds and other institutional investors.

NACCO Industries Trading Up 3.7%

Shares of NC opened at $37.73 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.76 and a quick ratio of 2.39. NACCO Industries, Inc. has a 1-year low of $25.19 and a 1-year high of $39.65. The stock has a market cap of $280.79 million, a price-to-earnings ratio of -16.26 and a beta of 0.61. The firm has a 50 day simple moving average of $35.40 and a 200-day simple moving average of $32.96.

NACCO Industries (NYSE:NC) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.66 earnings per share for the quarter. NACCO Industries had a positive return on equity of 8.87% and a negative net margin of 7.94%. The company had revenue of $65.57 million during the quarter.

NACCO Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be paid a $0.2525 dividend. This is an increase from NACCO Industries’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, May 30th. This represents a $1.01 annualized dividend and a yield of 2.68%. NACCO Industries’s payout ratio is presently 21.81%.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of NACCO Industries from a “buy” rating to a “hold” rating in a research report on Saturday.

About NACCO Industries

NACCO Industries, Inc, together with its subsidiaries, engages in the natural resources business. The company operates through three segments: Coal Mining, North American Mining, and Minerals Management. The Coal Mining segment operates surface coal mines under long-term contracts with power generation companies.